IIGD vs. XLF
Compare and contrast key facts about Invesco Investment Grade Defensive ETF (IIGD) and Financial Select Sector SPDR Fund (XLF).
IIGD and XLF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IIGD is a passively managed fund by Invesco that tracks the performance of the Invesco Investment Grade Defensive Index. It was launched on Jul 25, 2018. XLF is a passively managed fund by State Street that tracks the performance of the Financial Select Sector Index. It was launched on Dec 16, 1998. Both IIGD and XLF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IIGD vs. XLF - Performance Comparison
Loading graphics...
IIGD vs. XLF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IIGD Invesco Investment Grade Defensive ETF | 0.04% | 7.11% | 3.90% | 5.71% | -7.27% | -1.42% | 6.30% | 7.40% | 0.86% |
XLF Financial Select Sector SPDR Fund | -9.40% | 14.90% | 30.56% | 12.03% | -10.59% | 34.80% | -1.74% | 31.88% | -15.02% |
Returns By Period
In the year-to-date period, IIGD achieves a 0.04% return, which is significantly higher than XLF's -9.40% return.
IIGD
- 1D
- 0.37%
- 1M
- -1.00%
- YTD
- 0.04%
- 6M
- 1.20%
- 1Y
- 4.78%
- 3Y*
- 4.88%
- 5Y*
- 1.75%
- 10Y*
- —
XLF
- 1D
- 2.09%
- 1M
- -3.51%
- YTD
- -9.40%
- 6M
- -7.56%
- 1Y
- 0.65%
- 3Y*
- 17.25%
- 5Y*
- 9.34%
- 10Y*
- 12.44%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
IIGD vs. XLF - Expense Ratio Comparison
Both IIGD and XLF have an expense ratio of 0.13%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
IIGD vs. XLF — Risk / Return Rank
IIGD
XLF
IIGD vs. XLF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Investment Grade Defensive ETF (IIGD) and Financial Select Sector SPDR Fund (XLF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| IIGD | XLF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.75 | 0.03 | +1.72 |
Sortino ratioReturn per unit of downside risk | 2.59 | 0.18 | +2.41 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.02 | +0.32 |
Calmar ratioReturn relative to maximum drawdown | 2.86 | 0.13 | +2.74 |
Martin ratioReturn relative to average drawdown | 11.28 | 0.38 | +10.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| IIGD | XLF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 0.03 | +1.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.50 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.20 | +0.58 |
Correlation
The correlation between IIGD and XLF is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
IIGD vs. XLF - Dividend Comparison
IIGD's dividend yield for the trailing twelve months is around 4.28%, more than XLF's 1.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IIGD Invesco Investment Grade Defensive ETF | 4.28% | 4.25% | 4.13% | 3.74% | 1.73% | 1.77% | 3.21% | 2.44% | 1.23% | 0.00% | 0.00% | 0.00% |
XLF Financial Select Sector SPDR Fund | 1.60% | 1.31% | 1.42% | 1.71% | 2.04% | 1.63% | 2.03% | 1.87% | 2.08% | 1.48% | 21.10% | 1.95% |
Drawdowns
IIGD vs. XLF - Drawdown Comparison
The maximum IIGD drawdown since its inception was -11.43%, smaller than the maximum XLF drawdown of -82.69%. Use the drawdown chart below to compare losses from any high point for IIGD and XLF.
Loading graphics...
Drawdown Indicators
| IIGD | XLF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.43% | -82.69% | +71.26% |
Max Drawdown (1Y)Largest decline over 1 year | -1.67% | -14.79% | +13.12% |
Max Drawdown (5Y)Largest decline over 5 years | -11.43% | -25.81% | +14.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.86% | — |
Current DrawdownCurrent decline from peak | -1.00% | -12.01% | +11.01% |
Average DrawdownAverage peak-to-trough decline | -2.46% | -20.10% | +17.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 4.90% | -4.48% |
Volatility
IIGD vs. XLF - Volatility Comparison
The current volatility for Invesco Investment Grade Defensive ETF (IIGD) is 1.10%, while Financial Select Sector SPDR Fund (XLF) has a volatility of 4.75%. This indicates that IIGD experiences smaller price fluctuations and is considered to be less risky than XLF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| IIGD | XLF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 4.75% | -3.65% |
Volatility (6M)Calculated over the trailing 6-month period | 1.52% | 11.45% | -9.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.74% | 19.29% | -16.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.65% | 18.69% | -15.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.72% | 22.19% | -18.47% |